Power Mech powers up

Power Mech is showing some power today on the markets! The stock, which had closed yesterday at Rs.5208.05, opened today at Rs.5393.80, which was also its intraday high. Its 52-week high stands at Rs.5544.

The stock is in the green as the company announced that it has secured a Rs.396 crore from the South East Central Railway.

This order is for the construction of electrified 4th Railway BG line in between Dadhapara- Belaha-Dagori and Nipania- Bhatapara-Hathbandh stations in the state of Chhattisgarh.

The order is to be completed in 30 months.

The company has been getting some good order over the past couple of months, like the Rs.381 crore order from Rail Vikas Nigam, another Rs.825 crore order from Mahan Energen in MP and also order worth Rs.262 crore from Neyveli Uttar Pradesh Power Limited (NUPPL).